potrero capital research llc Takes Position in Deckers Outdoor Corporation (DECK)
potrero capital research llc acquired a new position in shares of Deckers Outdoor Corporation (NYSE:DECK) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 45,149 shares of the textile maker’s stock, valued at approximately $3,082,000. Deckers Outdoor Corporation makes up 2.9% of potrero capital research llc’s investment portfolio, making the stock its 17th largest holding. potrero capital research llc owned 0.14% of Deckers Outdoor Corporation at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Riverhead Capital Management LLC raised its stake in shares of Deckers Outdoor Corporation by 75.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,931 shares of the textile maker’s stock worth $132,000 after purchasing an additional 831 shares in the last quarter. James Investment Research Inc. bought a new stake in shares of Deckers Outdoor Corporation during the 2nd quarter worth approximately $148,000. Point72 Asia Hong Kong Ltd raised its stake in shares of Deckers Outdoor Corporation by 185.2% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 2,504 shares of the textile maker’s stock worth $150,000 after purchasing an additional 1,626 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Deckers Outdoor Corporation by 91.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,543 shares of the textile maker’s stock worth $175,000 after purchasing an additional 1,213 shares in the last quarter. Finally, LS Investment Advisors LLC raised its stake in shares of Deckers Outdoor Corporation by 19.8% during the 2nd quarter. LS Investment Advisors LLC now owns 2,674 shares of the textile maker’s stock worth $183,000 after purchasing an additional 442 shares in the last quarter. Institutional investors own 99.57% of the company’s stock.
TRADEMARK VIOLATION WARNING: “potrero capital research llc Takes Position in Deckers Outdoor Corporation (DECK)” was posted by Daily Political and is the property of of Daily Political. If you are reading this story on another domain, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this story can be read at https://www.dailypolitical.com/2017/09/24/potrero-capital-research-llc-takes-position-in-deckers-outdoor-corporation-deck.html.
Shares of Deckers Outdoor Corporation (NYSE DECK) traded up 0.71% on Friday, reaching $63.54. The company’s stock had a trading volume of 167,062 shares. The stock has a market cap of $2.03 billion, a P/E ratio of 91.29 and a beta of 1.23. Deckers Outdoor Corporation has a 52-week low of $44.00 and a 52-week high of $72.72. The firm’s 50 day moving average is $63.87 and its 200-day moving average is $62.35.
Deckers Outdoor Corporation (NYSE:DECK) last issued its quarterly earnings results on Thursday, July 27th. The textile maker reported ($1.28) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.67) by $0.39. The business had revenue of $209.70 million for the quarter, compared to analyst estimates of $178.36 million. Deckers Outdoor Corporation had a return on equity of 14.25% and a net margin of 1.23%. Deckers Outdoor Corporation’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period last year, the company posted ($1.80) earnings per share. On average, equities research analysts forecast that Deckers Outdoor Corporation will post $4.08 EPS for the current year.
A number of equities research analysts have recently issued reports on the company. B. Riley reiterated a “neutral” rating and set a $68.00 price objective on shares of Deckers Outdoor Corporation in a research note on Thursday, June 1st. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $57.00 price objective (down previously from $60.00) on shares of Deckers Outdoor Corporation in a research note on Monday, July 24th. BidaskClub cut Deckers Outdoor Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Canaccord Genuity upped their price objective on Deckers Outdoor Corporation from $69.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, May 30th. Finally, Buckingham Research cut Deckers Outdoor Corporation from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 7th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $67.00.
About Deckers Outdoor Corporation
Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company’s segments include operations of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer (DTC) business, which includes E-Commerce business and retail store business.
Want to see what other hedge funds are holding DECK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deckers Outdoor Corporation (NYSE:DECK).
Receive News & Ratings for Deckers Outdoor Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deckers Outdoor Corporation and related companies with MarketBeat.com's FREE daily email newsletter.